Gold edges up on good offtake, silver spurts

Posted By: Super
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mumbai, Aug 12 (PTI) Gold prices firmed up further at the domestic bullion market here today due to sustained demand from jewellery stockists and retailers. Silver also surged ahead on the back heavy speculative buyout coupled with strong industrial support. Standard gold (99.5 purity) moved up by Rs 35 to end at Rs 28,465 per 10 grams against overnight level of Rs 28,430. Pure gold (99.9 purity) also gained by same margin to settle at Rs 28,615 per 10 grams compared to Rs 28,580. Silver (.999 fineness) jumped by Rs 285 to finish at Rs 44,570 per kg from Monday's closing level of Rs 44,285.

    Globally, the shiny metal mostly traded in a tight range as market players continued to monitor geopolitical developments and key US macro data later this week. Spot gold was steady at USD 1,308 an ounce in early European trade.

    Read more about: gold silver
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more